Cavu Hcm Acquires Two Payroll Service Companies Continuing Its Accelerated Growth
Feb 02, 2023•almost 3 years ago
Acquiring Company
CAVU HCM
Acquired Company
Payroll Service
Description
Today, CAVU Human Capital Management (HCM), an emerging provider of technology, payroll, human resources, and workforce management solutions, announced it has acquired ABCS Payroll located in DuBois, Pennsylvania, and Pay Team located in Atlanta, Georgia. CAVU HCM continues to execute on its aggressive acquisition strategy and, as a result, has experienced recurring revenue growth of approximately 222% in the last 12 months.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed